AlphaQuest LLC Grows Stake in Empire State Realty Trust, Inc. $ESRT

Key Points

• AlphaQuest LLC increased its stake in Empire State Realty Trust by 30.7%, owning approximately 0.10% of the company after purchasing additional shares during the first quarter.
• The stock of Empire State Realty Trust (NYSE: ESRT) is currently valued at $7.6550 with a market cap of $1.30 billion, reflecting a 4.9% increase.
• Empire State Realty Trust announced a quarterly dividend of $0.035 per share, with a yield of 1.8%, to be paid on September 30th.

AlphaQuest LLC grew its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 30.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,114 shares of the real estate investment trust's stock after purchasing an additional 37,632 shares during the period. AlphaQuest LLC owned approximately 0.10% of Empire State Realty Trust worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ESRT. Nuveen LLC acquired a new position in shares of Empire State Realty Trust during the first quarter valued at about $21,703,000. Centersquare Investment Management LLC raised its holdings in shares of Empire State Realty Trust by 6,189.6% during the first quarter. Centersquare Investment Management LLC now owns 2,805,998 shares of the real estate investment trust's stock valued at $21,943,000 after purchasing an additional 2,761,385 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Empire State Realty Trust by 42.4% during the fourth quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust's stock valued at $95,306,000 after purchasing an additional 2,750,045 shares during the period. Northern Trust Corp raised its holdings in shares of Empire State Realty Trust by 42.1% during the fourth quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust's stock valued at $26,835,000 after purchasing an additional 771,017 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Empire State Realty Trust by 53.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,118,085 shares of the real estate investment trust's stock worth $21,859,000 after acquiring an additional 741,234 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ESRT. Wall Street Zen upgraded shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Wells Fargo & Company lowered their target price on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Empire State Realty Trust has an average rating of "Hold" and a consensus price target of $10.43.

Empire State Realty Trust Stock Up 0.3%

NYSE:ESRT traded up $0.03 on Friday, hitting $7.66. The stock had a trading volume of 539,534 shares, compared to its average volume of 1,558,374. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62. The firm's fifty day simple moving average is $7.71 and its two-hundred day simple moving average is $7.85. The stock has a market cap of $1.30 billion, a P/E ratio of 31.90 and a beta of 1.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. The firm had revenue of $153.54 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, September 15th. Empire State Realty Trust's dividend payout ratio is currently 58.33%.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc NYSE: ESRT is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.